Home Builder Sentiment Unchanged in November

According to the National Association of Home Builders Housing Market Index for November, builder sentiment was unchanged at a reading of 63. Readings above 50 indicate that a majority of builders are confident about housing market conditions. Readings for three sub-indexes used to calculate the Housing Market Index Readings for builder confidence in current market conditions and market conditions within the next six months were posted at 69. The reading for buyer foot traffic in housing developments was 47. Buyer traffic has not reached the benchmark reading of 50 since the peak of the housing bubble approximately 10 years ago.

NAHB Chair Ed Brady noted that survey information provided by most participating builders was gathered prior to the presidential election. Mr. Brady also noted that Housing Market Index readings have exceeded 60 for the past three months, which indicates slow but steady growth in housing markets.

Analysts: Builder Sentiment and Building Activity Inconsistent

While positive builder sentiment readings seem to contribute to stronger housing markets, analysts pointed out that housing starts are not consistent with high builder sentiment levels. Reasons for fewer home starts than the Housing Market Index suggests include approaching winter weather and ongoing shortages of labor and buildable lots.

Real estate pros count on building more homes (and building them faster) as the only solution to tight supplies of available homes and rising demand. These conditions create highly competitive markets that present obstacles to moderate income and first time home buyers. NAHB said that rising incomes, expanding labor markets and relatively low mortgage rates are fueling demand for homes. While mortgage rates have remained near historic lows, home prices have risen quickly in high-demand areas. This creates affordability challenges for home buyers, who also face strict home loan approval requirements.

3 Month Rolling Averages Show Regional Confidence Readings

NAHB reported its three-month rolling averages according to four regions included in Housing Market Index readings. The Northeast reading was 45; the Midwest region’s confidence reading was 58 and the Southern region reported a reading of 66. The West, which includes high-demand metro areas such as Portland, Oregon and San Francisco, California, had a November builder confidence reading of 77.

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3211 E Kerry Lane Phoenix, AZ 85050

$565,000

4 Beds

2.5 Baths

1,880 SqFt

Status Active

MLS # 6758934

Property Type Single Family Residence

Price Type --

Nestled in a quiet cul-de-sac, this stunning 4-bed, 2.5-bath home offers the perfect blend of comfort and style. Enjoy the benefits of energy efficiency with Newly Leased solar panels. Relax in a Refreshing Pool at the end of your day or all weekend long! There are no neighbors behind to peer down at you. The sleek remodeled kitchen offers modern appliances, quartz countertops, and ample cabinetry, perfect for any home chef. Just minutes from Desert Ridge Shopping, Loop 101, and the Musical Instrument Museum. Fantastic location to get you anywhere in the Greater Metro area quickly.

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5497 S Joshua Tree Lane Gilbert, AZ 85298

$565,000

4 Beds

3 Baths

1,840 SqFt

Status Active

MLS # 6746360

Property Type Single Family Residence

Price Type --

Discover this impeccably maintained 4-bedroom, 3-bathroom home with an inviting open concept floor plan, nestled in the prestigious Bridge community. The updated kitchen features a natural gas oven/stove, a new microwave, a dishwasher, and a triple filtration system. This well-designed space seamlessly transitions into the dining and living areas, perfect for modern living. The extended garage offers ample space for large vehicles or additional storage. Professionally installed pavers adorn the side of the home, leading to a beautifully landscaped backyard. Enjoy a versatile outdoor area with a 16' x 2.5' planting bed, a 5' x 11' paved storage area, a covered patio, and a built-in gas hookup for your grill. Additional highlights include an owned water softener, stylish floating flooring in the master bedroom, a custom-designed screen door at the front entry, and a security system ready for reactivation. Experience the exceptional features of this home firsthand.

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4517 W Bluefield Avenue Glendale, AZ 85308

$565,000

3 Beds

2 Baths

2,080 SqFt

Status Active

MLS # 6704844

Property Type Single Family Residence

Price Type --

Gorgeous home with a pool & golf course views! Boasting real wood flooring throughout & vaulted ceilings. Bright, open kitchen with white cabinetry, granite countertops, stainless steel appliances, island, & RO System. Enjoy privacy with a split floor plan. 2 newly remodeled with updated vanities & modern showers/tubs. Backyard oasis offers a sparkling pool with new pump, covered patio, green space, & pavers. Also featured, a 2-car garage, new water heater, & a new washer & dryer. Seated on a lot backing the golf course with view fencing, you'll love living in this ulta-private community with amenities like a pool, spa, clubhouse, and convenient access to Tanger Outlets, Westgate Entertainment District, State Farm Stadium, shopping, dining, and more - the options are endless!

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13113 W Citrus Way Litchfield Park, AZ 85340

New

$565,000

4 Beds

3 Baths

2,614 SqFt

Status Active

MLS # 6762010

Property Type Single Family Residence

Price Type --

Beautiful Corner house , 3 car garage , in a perfect location close to freeways and shopping centers. Come take a look at spectacular house with a great open floor plan. All appliances will convey ,except washer and dryer

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2133 N Atwood -- Mesa, AZ 85207

$565,000

2 Beds

2 Baths

1,379 SqFt

Status Active

MLS # 6759727

Property Type Townhouse

Price Type --

Escape to your own Desert Oasis! This radiant 2 bed, 2 bath retreat in the coveted Mountain Bridge Community is ready to welcome you home. Built in 2017, this light-filled haven features a split floorplan, modern upgrades & abundant storage, including built-in garage cabinets. The kitchen is a chef's dream w/stainless steel appliances, generous pantry & ample counter space. The oversized laundry room & private grassy backyard backing to a scenic desert wash offer extra comfort. HOA covers roof & exterior paint making it a perfect lock-and-leave option. Mountain Bridge is an award-winning master-planned community w/extensive amenities- pools, fitness centers, tennis, pickleball & basketball courts, plus playground putting green. Bella Via adds its own private pool, spa, clubhouse & more!

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10518 E Palladium Drive Mesa, AZ 85212

$565,000

3 Beds

3 Baths

2,024 SqFt

Status Active Under Contract

MLS # 6748707

Property Type Single Family Residence

Price Type --

Discover this charming single-story home in the highly sought-after Eastmark community in Mesa, AZ! This residence is designed with comfort and style in mind, offering an inviting atmosphere with ample natural lighting and elegant wood tile flooring throughout the open living area. The modern kitchen is a focal point, featuring a spacious island, stainless steel appliances, recessed lighting, a gas stove, and a convenient corner pantry. It's perfect for both everyday cooking and entertaining guests. The master bedroom is a private retreat, complete with an ensuite that includes a walk-in shower and a spacious walk-in closet that cleverly connects to the laundry room for added convenience. Step outside to enjoy the low-maintenance backyard, which boasts a covered patio... for relaxing in the shade, gravel for easy upkeep, and lush green faux grass that stays beautiful year-round. This home offers the perfect blend of modern amenities and thoughtful design, making it a must-see in the vibrant Eastmark community!

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15854 W Kino Drive Surprise, AZ 85374

$565,000

2 Beds

2 Baths

2,035 SqFt

Status Active

MLS # 6753050

Property Type Single Family Residence

Price Type --

From the welcoming front enclosed courtyard, through the beautiful inside to the fantastic inviting relaxing expanded patio this is one of those homes that a person can easily fall in love with. The updated striking kitchen is the heart of the home. The kitchen boasts shaker like style cabinetry, solid surface countertops, gorgeous backsplashes, SS appliances & breakfast bar. The spacious main bedroom has crown molding and a bay window with plantation shutters. The stunning main bath offers shaker like style cabinetry, solid surface countertops, dual sinks, unique backsplash, modern mirrors and lighting. Some of the many other desired features include 3 car garage, large den, replaced heating system and hot water system, updated guest bathroom, large utility room with lots of cabinets.

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8098 E Del Trigo -- Scottsdale, AZ 85258

New

$565,000

2 Beds

2 Baths

1,267 SqFt

Status Active

MLS # 6761491

Property Type Single Family Residence

Price Type --

Move in ready 2 bed, 2 bath detached patio home in Scottsdale's highly desirable McCormick Ranch. Great investment property or full/part-time residence. The 2 primary en-suites are located on opposite sides of the house for added privacy, and each have beautiful plantation shutters on large, picturesque windows. You will enjoy cooking in the bright kitchen with tile countertops and stainless-steel appliances which is open to a large family room with a fireplace and vaulted ceiling. Arizona's great weather can be experienced on your private backyard with tiled covered patio or simply head six houses down the street and enjoy the private community heated pool, spa and tennis/pickle ball courts. Fabulous location that is close to world-class shopping, restaurants and easy access to the 101.

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2258 E Soft Wind Drive Phoenix, AZ 85024

$565,000

3 Beds

2 Baths

1,518 SqFt

Status Active Under Contract

MLS # 6744749

Property Type Single Family Residence

Price Type --

Welcome to this charming North Phoenix home, offering 1,518 square feet of comfortable living space. This three-bedroom, 1.75-bath residence features vaulted ceilings and an open floor plan that creates a spacious and inviting atmosphere. The updated kitchen is a highlight, boasting elegant granite countertops and modern amenities, while luxury vinyl flooring flows throughout the home. Situated on a large corner lot, this property provides stunning mountain views and ample outdoor space. Perfectly located near hiking trails, mountain biking paths, and the vibrant communities of Cave Creek and Desert Ridge, this home offers the ideal blend of tranquility and convenience. Don't miss out on this opportunity to enjoy the best of North Phoenix living!

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1137 N Gibson Street Gilbert, AZ 85234

$565,000

4 Beds

2.5 Baths

2,142 SqFt

Status Active

MLS # 6751088

Property Type Single Family Residence

Price Type --

Enjoy the beautifully remodeled kitchen, flooring, bathrooms, painting, new hot water heater and so much more. This home has the perfect floor plan for a family. The backyard is huge and has a sparkling beautiful pool. There is a an RV gate and an extra driveway on the side. No HOA. The home is on a corner lot and a very short walking distance to a gorgeous park with playground. The location is within a few minutes from fantastic shopping and restaurants. You will not be disappointed.

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4127 E Meadow Drive Phoenix, AZ 85032

$565,000

3 Beds

2.5 Baths

1,848 SqFt

Status Active Under Contract

MLS # 6747277

Property Type Single Family Residence

Price Type --

Location, location, location...Easy highway access to Hwy 51 & 101. Close to Desert Ridge, Kierland & Scottsdale QTR. Fresh interior paint throughout, New carpeting, New kitchen countertops, Painted cabinets throughout, updated lighting. 2 Story home, 3 bed, 2.5 bath +large loft great for office or play room located walking distance to PV Highschool.

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9390 Mead Lane Snowflake, AZ 85937

$565,000

6 Beds

4 Baths

2,624 SqFt

Status Active

MLS # 6734119

Property Type Manufactured Home

Price Type --

Wow! Check out this opportunity! 2 homes on 40 acres fully off grid and self-sustaining. The PRIMARY HOME offers 1568 square feet of living space with 3 bedrooms and 2 bathrooms. Floors recently upgraded to vinyl plank throughout. Split bedroom floor plan. Kitchen features hickory cabinets, granite counter tops, large kitchen island, farm sink and NEWER gas stove. Primary home is powered by 30 solar panels which is sustained by banks of lithium batteries. In addition to a 2 car masonry garage, the primary home also features a single car Graceland garage, a 14 X 40 carport and a 10 x 20 Graceland Lofted Barn Cabin for extra storage. The GUEST HOME offers 1056 square feet of living space with 3 bedrooms and 2 bathrooms. See additional description. The living space is bright and airy and features a split bedroom floor plan and breakfast bar. Guest home is powered by 25 solar panels and sustained by banks of 12 AGM Maintenance Free batteries. 1 private well services both homes. Power is also located nearby if you would prefer that option. This property would be perfect for multi-generational housing or could use guest home as rental income! Property is all off-grid but only 10 miles from town. Best of both worlds! Option to purchase home with 80 acres and additional private well on the upper 40 acres available. See MLS #6731913

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